Residential Listings

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Overall national residential property listings decreased in February 2021 by 2.7%, to stand at 257,952 listings, according to figures released by SQM Research.

It despite 76,430 new listings being added into stock. "Buyers are absorbing listings at a quicker pace than currently being added into the market," SQM's Louis Christopher noted.

Compared to last February, listings are down by 13%. The largest 2021 monthly decrease were in Adelaide, Brisbane and Perth, and compared to a year earlier, listings fell the most in Hobart and Adelaide.

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Only Melbourne recorded a year on year increase in listings. SQM advised listings over 180 days fell 8.5% for the month and are down 26.7% compare to this time, last year.

"Right now demand is swamping supply," Christopher, the SQM managing director said.

"And no where more is this the case than regional Australia. “Still, the big test is to come when JobKeeper ends at the end of this month. "If there is no evidence of a material fall in clearance rates over April, then nothing is going to stop the market until the day APRA steps to regulate lending in or we have a rate hike from the Reserve Bank,” Christopher said.
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Figures released by SQM Research reveal national residential property listings decreased in February 2021 by 2.7%, to stand at 257,952 listings.

jchancellor

February residential listings jump, but buyer demand sees total in decline: SQM

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The Academy Award-winner Adam Elliot has listed his Thornbury warehouse.
Nelson Alexander director Arch Staver has told inspectees Elliot’s next animation feature film project has triggered the move with his partner, Dan Doherty.
More than $840,000 is expected at the November 28 auction of 94A Harold Street.
Adam Elliot won Best Animated Short Film for Harvie Krumpet in 2004.
In 2013 his Prahran Edwardian residence (below) sold at $835,000.
<img src="/images/stories/2013/02/elliott.jpg" alt="elliott" width="470" height="353">
The two-bedroom, one-bathroom refurbished house had been bought by the couple for $600,000 in 2007.
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jchancellor-FAypfDUnLy

Academy Award winner Adam Elliot lists Thornbury warehouse

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A beachfront home on Wongaling Beach in Queensland has been listed for sale.
The four bedroom <a href="https://www.realestate.com.au/property-house-qld-wongaling+beach-116381839" target="_blank">2D Reid Road</a> property has been listed with $1.13 million hopes through Dianne Wagner at First National Mission Beach.
The home sits on 805 square metres and offers beachfront location with Coral Sea views.
The beach is one of the closest launching points to Dunk Island.
 The median price for a home in <a href="https://www.urban.com.au/property-observer" target="_blank">Wongaling Beach is $334,500</a>, according to CoreLogic RP Data.
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Beachfront listed with Dunk Island views

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The shortage of property listings is the biggest talking point of the 2016 spring selling season in Sydney and Melbourne.
There's many factors at play but a vicious cycle with home owners not wanting to sell while there is little on the market to then buy.
Melbourne finally gets its long awaited surge in auctions next weekend, much to the relief of buyers feeling deprived.
But the traditional pre-Derby Day-Melbourne Cup fillip sees around 1200 offerings, significantly below the record 1479 over the pre-Cup Super-Saturday last year.
Sydney's auction activity will fall away next weekend with just over 600 auctions scheduled, which according to Domain, is down on the 800 last year.
Despite home prices rising, the volumes languish well below previous highs, CoreLogic research recently noted.
CoreLogic estimates 339,000 houses and 132,000 units sold in Australia over the year to April.
The combined 471,000 annual tally was down almost 26 percent from the 633,000 transactions over the 12 months to May 2002, the last sales volume peak year.
CoreLogic research head Tim Lawless foresees the consequences of property owners less willing to list properties for sale.
Any short supply of housing stock is likely causing some urgency amongst buyers which is contributing to the upwards pressure on dwelling values, Lawless suggests.
Strong auction clearance rates continued given the lower weekend volumes with Canberra's near 84 percent narrowing topping the recent market leader, Sydney which had an 83 percent success rate.
"It has been another strong week for auction results, with a preliminary national auction clearance rate of 77.9 percent," CoreLogic's Kevin Brogan advised. The clearance rate has remained above 70 percent since the last week in July. 
There were 2,405 auctions held across the combined capital cities, up on last week's 2,290, but down on the 2,858 capital city auctions held last year.
Auction numbers were down a touch in Canberra where there were 74 auctions and an 83.9 percent success, as opposed to 86 auctions held on the same weekend last year when there was a clearance rate of 68 per cent.
Canberra prices ranged between $445,000 at Flynn and <a href="https://www.domain.com.au/3-finniss-crescent-narrabundah-act-2604-2013072115" target="_blank">$1.6 million at Narrabundah</a> (below). 
<img src="/images/2016/10/17/Screen%20Shot%202016-10-17%20at%208.30.02%20AM.png" alt="">
The Canberra top seller last sold for $240,000 in 1998. Luton Properties had offered a $1.2 million plus pre-auction price guidance on the property that had been a $1000 a week rental. 
The nation's top sale was in Toorak where $6.25 million was paid on Albany Road.
There had been a $5.5 million reserve at the Kay &amp; Burton auction which saw four bidders.
Across Melbourne, the preliminary clearance rate was steady at 78 per cent, remaining above the clearance rate for the city one year ago when it was 72 per cent.
Melbourne's outer east region was the strongest at 87 per cent.
Melbourne also had the nation's cheapest result when <a href="https://www.realestate.com.au/property/5-327-high-st-thomastown-vic-3074" target="_blank">$265,000 was secured at Thomastown</a> (below).
<img src="/images/2016/10/17/Screen%20Shot%202016-10-17%20at%208.31.36%20AM.png" alt="">
The two bedroom had last sold at $168,000. The prior top sale in the complex of five was $260,000 in 2014.
Sydney’s preliminary auction clearance rate was 83.3 percent, the 26 consecutive week above 70 percent.
The eastern suburbs of Sydney showed the strongest performance with 97 per cent of the 69 reported results selling.
Adelaide's clearance rate was 68 percent; Brisbane’s clearance rate this week was 52 percent, while Perth’s clearance rate of 50 percent was among the strongest in recent times.
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Spring racing carnival triggers short spike in Melbourne auction offerings

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GUEST OBSERVER
With house prices surging across Australia in the past year, the demand for properties in the market has become increasingly competitive.
Knowing the best ways to sell a house can make all the difference between a successful sale and struggling to sell for months on end. Many people assume renovations are necessary to increase the sale price of houses, but that isn’t the case. 
1. Home presentation is a huge factor when selling a home
It might sound quite obvious, but home presentation has a huge influence when it comes to selling a house. Sometimes good photography or editing is not enough. If buyers inspect the property and find things to fix, they will reduce the price where possible. Always maximise space to create a larger look and feel – less is more in this case. Make sure to remove any rugs, floor or door mats as this will enhance the perception of floor space size in photos. Premium presentation is key and your photographer and real estate agent will love you for it, as there won’t be any extra work to do.
2. Professional looking photography or re-touching is essential
If you don’t have any professional looking photography or haven’t done any retouching, you are already behind. Most homes (small to medium or large) usually only require 8-14 photos. Ensure the main selling feature areas are on display including the front exterior of home, the main or best bathroom, master bedroom, kitchen, lounge or living area, dining room, and outside balcony or view.
It isn’t necessary to show the buyers too much or everything the home has to offer, but even simply just an overview of the property to entice them to visit it. However, agents differ and may market properties differently. Some may prefer a full day shoot and shoot every single bit of the house in case they need to supply images to interstate or overseas clients or investors. Also keep in mind that rooms can look different based on the height of photos, so it is better to take a wide selection of images to choose from. This is especially important in areas such as bedrooms, kitchen, dining room and balcony view areas.
3. Have detailed floor plans
Floor plans continue to be a growing trend in real estate and have been very popular within Melbourne and Sydney for years. 1 in 5 buyers would ignore a property listing completely if it didn’t include a floor plan – showing how important it is to include it in all property marketing. It allows buyers to measure the space, visualise the flow of the rooms, how they fit in relation to other rooms and picture their furniture inside the home. Sellers can draw floor plans themselves. All that is required is grid paper, tape measure and some patience!
Another useful tip is combining photos and floor plans together through an online interactive floor plan. Symbols on the plan indicate the angle the photo was taken from, enabling buyers to easily navigate through a property by clicking on each photo and having a better understanding of the layout. Floor plans are also handy for potential investors and gives your listing a competitive advantage over other sellers who don’t have one.
4. Take aerial photos
 Aerial photos are a unique tool to showcase a property in one glance within the context of its neighbourhood and surrounding hot spots, such as local attractions and shopping centres. It gives buyers perspective. A property’s size can be determined in square metres, but cannot be interpreted until the property is seen in its entirety.
The quality of an aerial is directly related to its effectiveness. Be aware of aerials with clouds, flat or dull colours, horizons that aren’t level, too much reflection off ground surfaces and images that aren’t in focus. Hiring professionals to do aerial editing is a great and cost-efficient way to make images more eye-catching and stand out from the rest.
5. Use professional copywriting
A listing is taken to the next level with professional copy. Grammatically correct, well-written text will clearly articulate the benefits and features of the home and attract more buyers. Ideally, the copy should be no longer than a paragraph, with 150 words or so. In some cases, not everything can be shown about a property in photos. If a listing has a unique history or a fascinating architectural element that cannot be displayed well in a photo, professional copywriting will creatively explain the home’s special features to potential buyers and increase buyer interest in the property.
Brad Filliponi is co-founder and director of digital photo editing service, BoxBrownie.com and can be contacted <a href="https://boxbrownie.com" target="_blank">here</a>.
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The five tips you need to know to sell your property for more

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GUEST OBSERVER
It was no surprise that the current competitive property market was causing many home buyers to lose sleep.
According to a survey released last week by St. George Bank, more than 50 percent of the 1,000 first home buyers surveyed were losing sleep over the property hunt while 25 percent found themselves losing focus at work. 
Unfortunately there was a common misnomer that buyer’s agents were just ‘for the wealthy’ and not for the average Australian home buyer. 
The old adage ‘you’ve got to spend money to make money’ was particularly relevant when engaging a buyer’s agent and first home buyers needed to be made aware that professional help was available. 
What a lot of people don’t realise is that an investment in a professional who’s been buying property for 10 or 20 years, who has the contacts and knows how to negotiate, is actually making you money and saving you money all at the same time.
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Generally speaking extremely wealthy people can afford to lose more money than your average first home buyer.
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It comes down to a level of risk and the average Australian first home buyer is not able to take that level of risk without professional advice. 
You only have to look at the average house price 10 years ago to now to see how prices have jumped in every capital city around Australia. 
Hindsight shows what you would have made in capital growth versus the cost of engaging a buyer’s agent. 
Likewise by panicking and either overpaying or not doing anything at all costs a whole lot more than engaging a professional.
When it comes to fees, there is no industry standard however the general rule of thumb is a two percent commission plus GST on the purchase price. 
On the flipside, some buyer’s agents choose to charge a fixed fee. 
It very much depends on the suburb you’re buying in, the price of the property and how much of the service you want to pay for. 
Maybe you’ve done all the research and you simply want an independent third party to validate your opinion or you would like a buyer’s agent to bid on your behalf at auction. 
At the end of the day you need to find the right buyer’s agent that’s giving you the right level of service. 
Like anything in life, quality comes at a cost.
Rich Harvey is REBAA president and can be contacted <a href="https://www.rebaa.com.au/" target="_blank">here</a>.
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Property 101: Buyer's agents aren't just for the wealthy: Rich Harvey

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Hello Real Estate and Minrex Resources NL have agreed not to complete their proposed reverse takeover, scheduled for January 2016.
Hello Real Estate has instead indicated discussions with a number of private equity firms have "progressed" to raise the necessary capital elsewhere for funding the demand for its home owner controlled real estate sales system.
Hello Real Estate’s growth has in the last three months seen the number of Hello licensees in Australia increase from 12 to 35 prompting its claim as Australia’s fastest growing real estate disruptor through its sale by owner system.
<a href="https://www.hello.com.au/?page=home" target="_blank">Hello, a licensed real estate agency</a> that offers a low fixed fee service for clients to sell their own property, comes with dedicated hands-on mentoring.
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Hello Real Estate had been set for December 2015 stock market listing with the move by Minrex Resources NL to take over Hello for $6.75 million.
It was anticipated Minrex would change into HelloReal Estate Limited raising $5 million in capital to expand the Hello business.
Hello describes itself as a licensed real estate business "which offers its clients a fixed-fee service to sell their own property supported by a team of professional service providers, covering all aspects of selling, web listings, advertising, negotiation, conveyancing and settlement services as well as professional mentoring."
According to Hello, the system achieves significant savings, less time on market and "the best market price for the property".
Hello launched in 2012 in South Australia and then into NSW in mid-2013.
The intended listed company was to have a new board, headed by Bob Lapointe, the franchise entrepreneur who brought Kentucky Fried Chicken, Pizza Hut and Sizzler to Australia.
Now in his 70s, Bob Lapointe has chaired Hello since May 2014.
MinRex Resources NL (“MinRex”) is an exploration company, listed on the Australian Securities Exchange, with its principal focus being the exploration and development of gold, base metal and tin projects in Australia.
MinRex holds two principal projects, the Deflector Extended Gold Project at Gullewa in Western Australia and the Heemskirk Tin Project in Tasmania.
The intended Hello Real Estate <a href="/news/44321-gold-mining-company-turns-to-hello-for-sale-by-owner-disruptee-business" target="_blank">stock market listing</a> via MinRex emerged mid last year, with MinRex now consulting with the ASX to resume quotation of its shares as soon as possible and will continue with its current exploration portfolio.
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Hello.com.au Real Estate calls off backdoor ASX listing

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Clifton, an 1891 Camberwell home has been listed for sale with record setting expectations.
The <a href="https://www.realestateview.com.au/Real-Estate/27-29-kintore-street-camberwell/Property-Details-buy-residential-9390872" target="_blank">27-29 Kintore Street</a> trophy home has been listed with $6.5 plus million hopes through Doug McLauchlan at Marshall White for September 19 auction.
The corner property was designed by Butler and Ussher on its 2235 square metre lot.
The house was last traded in 1988 and has been extended since.
The house has a garden with 120 year old trees, a full-size, floodlit tennis court, and solar heated swimming pool.
Sims Cooper &amp; Co director Graeme Black and his wife, Sally Romanes, are selling Clifton, which sits at 27-29 Kintore Street, at the intersection of Loch Street
The double-storey, six-bedroom home is within walking distance to the Camberwell train station and the Burke Road shopping strip.
The median price for a house in <a href="https://www.urban.com.au/property-observer" target="_blank">Camberwell is $1,720,000</a>, according to CoreLogic RP Data. 
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Camberwell record setting auction listing

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Residential listings fell 0.8 percent over March from February according to SQM Research, who found Hobart and Melbourne recording considerable yearly falls.
Canberra recorded the largest monthly fall in stock levels, down 6.1 percent during March 2016.
<a href="/images/2016/04/8/10926875-e60c-44d3-8a3a-5e62e8ba69ad.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/8/10926875-e60c-44d3-8a3a-5e62e8ba69ad.png" alt="">
SQM managing director Louis Christopher said real estate listings were very steady over the course of March, with the decline in Canberra noted.
"Canberra's decline is yet more evidence the market there has now turned the corner.," he said.
"We also note the ongoing decline in listings in Hobart, which is also reflective of a recovery in the nation’s south. We also note that Hobart recorded rises in asking prices for the month.
"Over the past month, the capital city average for asking prices has increased 6.2 percent for houses, and 5.7 percent for units, with year-on- year results revealing Sydney median asking prices have risen 8.0 percent for houses and 9.4 percent for units compared to this time last year. Melbourne also experienced yearly changes with median asking prices for houses climbing 12.4 percent for houses, and 4.0 percent for units."
 
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Hobart and Melbourne continue to record yearly falls: SQM

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A trophy home in Cottesloe, WA, has been listed with $12 million hopes through Justin Davies at Space Real Estate.
The <a href="https://www.realestateview.com.au/Real-Estate/2-ozone-parade-cottesloe/Property-Details-buy-residential-8983286" target="_blank">2 Ozone Parade</a> property was designed by Tim Wright and offers Indian Ocean views from any vantage point within.
The home sits on a 1350sqm lot. This is the first time the property has been on the market.
The median price for a home in <a href="https://www.urban.com.au/property-observer" target="_blank">Cottesloe is $1,762,500</a>, according to CoreLogic RP Data.
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